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INFLUENCE OF SOCIO-ECONOMIC FACTORS ON STUDENTS’ ACADEMIC PERFORMANCE IN BUSINESS EDUCATION, KWARA STATE UNIVERSITY
Abstract
The study examined the influence of socio-economic factors on students’ academic performance. Two specific purposes guided the study. All of the Kwara State University’s final-year business education students for the (2019/2020) academic year made up the study’s population. The study adopted a descriptive survey design using a questionnaire titled Influence of Socio-economic Factors on Students Performance Questionnaire (ISFSPQ) and student academic performance pro-forma was used to collect cumulative grade point calculation. In this study, the instruments were validated by experts and the Cronbach reliability coefficient was 0.71. Research questions were answered using mean and standard deviation, while null hypotheses were tested using regression analysis at the 0.05 level of significance. The findings of the study revealed that respondents agreed that interest in their choose field of study influences their academic performance. The study also revealed that respondents agreed that parents’ financial support influences academic performance. In the analysis of the research hypotheses. Student interest was found to be a significant contributor to academic performance, while there was no significant influence of parents’ financial support on students’ academic performance. The study concluded that lack of interest in a study is barrier to academic success. Parents’ financial support influences academic performance. When students’ needs are adequately funded, it will afford them high concentration that is needed for high academic performance. Finally, the following recommendation were made, there should be the creation of an environment that will stimulate the interest of learners in their studies, parents’ should reconsider giving financial support because it is considered a major contribution to students’ academic performance. To reduce the impact of parents’ financial support on students’ academic performance, governments should provide students loans, grants and other aid. This program can give students the support they need so they can focus more on doing well in class.
Keywords: Interest, Parent financial support, students’ academic performance